9/11 DRC

 So pretty clueless about what to expect from here on out. We had out price shock, big drop lower, consolidated for a couple days now, failed a move higher to reclaim some levels, sold off hard yesterday, im going to have a short bias going into today. Lots of names retraced to bo levels/MAs/old range lows, and held lower. Cant ever give up on the bullside though either as lots of these names are also being held up by the 50ma.

Ultimately thinking short. 9/10 longs I take look exactly like some of these daily charts, and these are the turning points we may want to head lower.

As for my own trading, yesterday was a bit rough. I traded how I needed to, took trades and sized right, but market was not on my side. May have been good long setups, but nothing followed through so clearly buyers not there, and sellers got aggressive again. Is fine, do the same thing today, just be prepared for anything. If market sets up for a long instead, I have a few longs to follow up on. Majority short so will suck to see if fall through but always have to trade the market not what I want. 

A lot to look at today. Watchlist is up to 40. Lots of repeating patterns, some better than others. Favorites are in and will be the ones to mainly focus on. 

Market gapping up a bit above prev lod. Not my favorite but also makes it easier to recognize weakness. Will not be super busy at the bell trying to decide between 10 trades, now I can see the outliers early that are weak and get a head start if we do decide to break lower more. 

Also need to keep in mind that when we do see the sell, we go right through the level and dont come back. Thats been the theme lately anyways. Will have to settle on a lot of breakdown entries if thats the case. Wide stops smaller size. 

AMD GOOG DDOG BABA DOCU MAXR NLS PLUG MS GS EXPE

NOT air/cruise/beatdowns any longer

1. Take the trade. Size up in favorites. 

2. Do not fight the market. Take the short if we are sideways or weak. Take the long if we are strong.

3. Re enter when necessary.

PLUG

Selling off starting, had to take breakdown. Wide stop to start.

Amazingly went right to stop after entry huge engulf candle, still holding. 

Cant hold under vwap out. 

FSLY

weak open and SPY starts collapsing, got in ahead of it and added, solid break down with tape cues. Looking for new LOD 

Got it already SPY very ugly. Will take half soon, candles big and wide so far so have to wait. 

Not acting right, took half on break above large offer and whole number. 

Pulled up hard, will look to reset all out.

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GRWG

Weak name, pbd to low and dropped more, SPY hit new LOD, stalled and we got weak again, i and added as we ticked lower. 

SPY right away deciding to rip higher, no reaction yet. 

Up to retest and dropped lower hard and fast, added. SPY did same and again, faking out lower and ripping higher. Other names weak still. 

Held lower as SPY turned up, now SPY turn lower again from vwap, we did too and added. 

And again, SPY faking out lower turning higher, GRWG still not losing it 

All out as it turned up. Looks like it wants a vwap test, after seeing market fail lower so many times, only a matter of time here til we pop. 

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Broke above range into 14 and HTF zone, not seeing selling but not seeing buyers get it up anymore, re short may be here. SPY still up nuyt looks ready to turn lower again. 

And back in as we got back under 14. SPY also turning lower to vwap again. 

Vol v low on this attempt lower into TL from LOD and unde MAs, needs to find it soon. 

Back to 14 and top TL. Still in it. Big offer showed up, added as we ticked lower, now we got vol and turning point. SPY also failing higher, looks ready for downturn under vwap now. 

Breakdown from triangle, offers coming in hard. Trying to add, .84 pivot to break here, with vol growing and market weakness I think we see lod here. And got my add on our pb back up. Holding still, SPY stalling lower maybe back up but downside has edge now. 

Was up 1R so breakeven price has to hold under, MAs and TLs and R now. 

Last breakdown earlier in day was too far too fast, if same thing happens ill have to take partial early, not giving back a bunch if it happens. 

Seen a few big buys here preventing 1st breakdown, big offer stepped lower, we need to be gone by now. Think I need to bail on this early if tat offer breaks. SPY looks up now. Possibly hidden buyer here, cant quite tell yet. 

All out as it broke higher. 

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Not seeing re entry on 14 reject, SPY and market looks strong. Failed lower too many times. 

APT

SPY and market getting strong, APT been strong all day, getting to breaking point, low vol trader so going with momentum as I see buying. Got in as bids stepped up into bo level. 

Added as we broke big ish offer into bo, added on bo and added on new HOD break. Looking for D bo at 13.75

Adding more as break was great. Size needs to be bigger, might not get the fill but is ok. 

Pulled into .50, SPY new HOD, tape is good here with vol growing and bids to defend, added more. 

Turned up, trying to add more with new stop in play. Big offers here but hasnt stopped us yet, market still strong. 

Bids here keep stepping up, got the add.

Short float of 25% and stock been getting killed for months straight, this is 2nd sign of relief finally, thinking this can be big day shorts get out finally. 

Time passing, SPY turning down, APT the same, into old bo levels and TL and MAs, gotta hold through still, not seeing any aggro selling, bids here but not as big. 

APT saw no significant selling into TL and MAs, SPY turn back up, offers stepped out and bids back up, adding more. Stop tighter and is turning point. 9ma on 5min just under us. Super low vol pb time to go. Should be the one here. SPY new HOD. 

We are not stepping higher yet, this is problem. Buyers not as aggressive up here. 

Hold under .50 im out. 

Stepping under, but finding buying, just on the edge of getting out. 

Bids here lower and stepping up now, and major TL from lod now in play and held. 1min MAs will have to reclaim, iffy trade but reasons to stay still here. 

Buying here now and moving up still, will add more on mini break of .55 SPY still ripping higher. 

Added, tape great again, now SPY turning lower though. Cant ignore tape. 

Big bids stepping higher as were moving up, new HOD looks likely, Dbo just .10 cents after it. 

New HOD reached, now we have a problem. Were making a giant rising wedge with clear TL just above us and under the DBO level to signify over extension. Depending on action I may have to be all out up there. Tape still great. Sold off a bit though on that break. Market getting shaky, edge to upside but might be turning point for that to change.

And thats exactly whats happening, SPY down, lost TL from LOD into vwap with huge vol, internals new lows. Tape seeing selling bu tnot dropping, bids still here holding it up, no reason for this to turn to a loss now, sucks but doesnt make sense to hold given what im seeing. 

.58 the number to beat. That breaks im out. Holding through weakness in market so far, tape ok. Offers are here and big.

SPY breaking down, any reaction I want out, not feeling great holding this now. 

Amazingly held on, now made new HOD. 5 cents shy of that bo, top TL is just above us, its going to be tough. WIth market dumping cant believes were seeing strength still. 

Hit .75 and broke TL, big offer here, great buying still. Waiting. We did break TL. 

Offers came in stepping lower broke 1min, half out. 

Came lower, hit bottom TL, thats my out is if that breaks and sticks. 

And we have our daily break. NExt spots of concern are .84, 14, 14.25. 1ATR is at 13.96 Taking other half soon. Then last bit off on 9ma to keep on for para potential.

And that is what were getting. Right to 1ATR just short of 14. 

And half taken. 

And we absolutely blew up. 40cents past 14, waiting on 1min low for rest. Will have to wait for it to settle down and maybe re enter. 

Changing mind, I said I want 9ma to break and hold under, thats what im sticking too. Feels like both would be acceptable but I really want to see this thing squeeze and think we got more in tank. We only just saw the beginning maybe, why should this be the top.

And did make new high into .35 where we had big offer stop us. 

Can tell its getting tired, vol drying up. 

Big offers coming in and stepping down, stop is clear under .20

Amazingly making new HOD again, vol still low, has to be done soon, 9ma still up but now close. 

Next stop is right now 200Dma at .45. Will keep following the 9.

Again amazingly, were having massive bids appear up here. So looks like im holding through the 9 break as well. 

Finally lost it and all out. 

This is what I mean when I say I have to short the breaks. And even in this case I never saw it coming in these certain stocks. You had to anticipate the weakness well before it showed, and then had to go for some breaks still possibly into HTF level while theyve been above them the whole time. Hard to get a short on and now doesnt look like ill get a pb to get in with good RR. Gone. 

Now that weve gotten weak, we should see a weak pb back higher, and we do, now that we have chance to go lower, we dont see that either, low vol both directions so cant say that the short is heree yet either.

Market is backwards. Internals spiking higher and SPY dropping. Cant make sense of this so not great with shorts yet. 

GRWG

Re entry, never got anywhere significantly higher. Now market breaking dowin im in with it. Entries on breaks lower, market starting to look ugly. 

And just like that, after big break in SPY, we rip higher engulfing it all and then some. 

GRWG not recovering yet. SPY continue to retrace that entire down move. Garbage. There is reload seller here. Looking for this to get to D pivot at 13.50 , LOD currently 13.74

Market odd, other names very weak selling off. GRWG pulled into TL on v low vol and looks to turn lower, SPY also turning lower again, well see. 

Internals rotating back up making HHs again, SPY the same. 

Losing minor TL, still low vol well see if we can fail and drop more here. Other names dropping without SPY. RVOL is only .2 right now so we really need SPY. 

Market rolling over with internals, GRWG never really lost 9/20ma or that TL, just hovered around it. If we can turn here I want to add. 

Cant do it, popped higher all out. 

PTON

Killed all day, over extended on every time frame, waiting for reversal setup or momo scalp. Market weak and still selling off. 

In contact with downtrend line, internals up, SPY looking up again, MAs cross and under, might be momo scalp time. ALSO at HTF level just under. 

Getting tight, vol drying up, MAs coiled, TL just above, seeing big bids. 

Still tight, now 85.70 seems to be spot to beat, will be break of TL as well. Internals not rising, but mainly not making new lows, SPY looks lower, vol still low, is turning point gotta see tape. 

86 and 86.20 main thing to beat. Then major TL from HOD just above. And HTF zone same spot. Lots of tight R there but these situations are where we run hard and fast if we start going. Momentum could be huge here. 

Made new LOD on low vol. Very close to 2ATR move. Waiting. 

They are buying here, market still too weakm internals not following, looks like this may be it. Looking for a way in. 

SPY turned upm everything followed and im in on mini range reclaim. Great tape holding. 

Only got starter. Looking to add more as it develops better. Brok 1st TL, long ways to reset still. 

Market turn is A+, breaking all offers. Waiting for it to settle above MAs and prev lod for momo scalp adds. So far so good.

Hitting head on 5min 9ma. Holding well above 85.10, that will be out. and it was. 

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Immediately recovered all of it. Back to top of range. 

Back in and right out as it failed, and back up again right away. Fucking with me. 

DG

Strong all day, huge base under vwap. Just broke and in. Scalp. Spy still selling off. 

Seeing a stock spend all day be strong in such a weak market, surely lots of longs will want out. 

Spiked up on me, all out tiny win. 

Done for the day. Today was just flat out hard. Lots of mismatch. Only real solid win APT. So difficult to find a good trade. Nothing pulled back on me for a good short opportunity, everything left without me. Going to focus on weekly.